REDIRECTING MOMENTUM AMIDST GEOPOLITICAL UNCERTAINTY

This executive summary outlines the discussions and 2025 agenda of the 11th meeting of the San Giorgio Group, a coalition of climate finance leaders. The document advocates for a shift in narrative from 'doom and gloom' to one of economic opportunity, emphasizing the need to mobilize domestic resources through National Development Banks (NDBs) and to reform multilateral development banks (MDBs) to prioritize private capital mobilization over direct project finance.

• The climate finance community must shift its communication strategy away from 'doom and gloom' narratives toward an aspirational agenda that links climate action with local economic benefits such as clean air, water, good jobs, and affordable energy to better resonate with voters and policymakers.
• There is a strategic need to leverage domestic resources in developing economies, specifically by empowering National Development Banks (NDBs) and Public Development Banks (PDBs) to act as the nexus between international capital and national priorities.
• Multilateral Development Banks (MDBs) and bilateral Development Finance Institutions (DFIs) need to evolve from being direct project deployers to capital mobilizers, prioritizing wholesale catalytic capital and simplifying diligence and reporting requirements to attract private investment.
• Despite some financial institutions retreating from fossil fuel exit deadlines, structural market shifts continue, with renewable energy accounting for over 90% of new power generation capacity built in 2024.
• Adaptation finance remains insufficient relative to global temperature rises. The document suggests a systemic approach involving the insurance industry, philanthropy, and DFI infrastructure strategies to reduce and transfer risk.
• The 2025 agenda for the San Giorgio Group includes specific goals for COP30, such as operationalizing the Baku-to-Belem Roadmap to achieve a USD 300 billion floor and a USD 1.3 trillion goal for the New Collective Quantified Goal (NCQG).

APA

Climate Policy Initiative (2025). REDIRECTING MOMENTUM AMIDST GEOPOLITICAL UNCERTAINTY. https://www.climatepolicyinitiative.org/wp-content/uploads/2025/04/SGG11-l-Summary.pdf

Chicago

Climate Policy Initiative. REDIRECTING MOMENTUM AMIDST GEOPOLITICAL UNCERTAINTY. 2025. https://www.climatepolicyinitiative.org/wp-content/uploads/2025/04/SGG11-l-Summary.pdf.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=REDIRECTING MOMENTUM AMIDST GEOPOLITICAL UNCERTAINTY |date=2025 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2025/04/SGG11-l-Summary.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2025redirecting, author = {{Climate Policy Initiative}}, title = {{REDIRECTING MOMENTUM AMIDST GEOPOLITICAL UNCERTAINTY}}, institution = {Climate Policy Initiative}, year = {2025}, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2025/04/SGG11-l-Summary.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }